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‘We want to be equated with chartered accountants’

canada goose outlet black friday A priority area of the new president of the Institute of Cost and Works Accountants of India, G N Venkataraman, is to make the institute more visible. In an interview with Sapna Dogra Singh, he said ICWAI would also lobby with the government to accept the recommendations of the expert group on Canada Goose Coats On Sale widening the scope of cost audit by including more companies and sectors. Excerpts: canada goose outlet black friday

canada goose outlet website legit What are your priority areas for the year? canada goose outlet website legit

canada goose jacket outlet uk To provide more visibility to the institute and the profession of cost accounting would be my topmost priority. Another important area would be to push forward the expert committee’s recommendations canada goose on widening the area of canada goose coats on sale cost audit beyond 44 industries and products. The institute would pursue these with the government. canada goose jacket outlet uk

canada goose outlet orlando What are the main recommendations of the expert group? canada goose outlet orlando

canada goose sale uk All manufacturing companies with buy canada goose jacket a paid up capital of Rs 50 crore (Rs 500 million) or Canada Goose Outlet more will be required to conduct a statutory cost audit, which would bring about 25 http://www.canadagoosesalesus.com,000 firms under the ambit of cost audit. At present, only 44 industries and specific products within an industry come under uk canada goose outlet cost audit. canada goose sale uk

canada goose jacket outlet toronto The proposed change will have a major positive canada goose store impact on the profession, because more firms will have to mandatorily appoint a cost auditor and have cost accounting records audited on an annual canada goose coats basis. Canada Goose Online At present, about 1,800 cost accounting professionals practice in India, against 46,000 qualified people. canada goose jacket outlet toronto

canada goose outlet store quebec Which sectors has the expert group recommended for cost audit? canada goose outlet store quebec

canada goose outlet eu Except agriculture, it has recommended that all sectors be covered. canada goose outlet eu

canada goose outlet new york city Do you uk canada goose see it happening in your tenure? canada goose outlet new york city

canada goose kensington parka uk It is a process and there are certain things that need to done from the institute. I would be appointing a separate committee to oversee and implement some of the recommendations which don’t need the ministry Canada Goose sale of corporate affairs’ approval. canada goose kensington parka uk

canada goose outlet near me Enterprise governance is one such area where cost audit and cost records have to be redefined, but this would be done without burdening the industry with all kinds of formats. The Institute cheap Canada Goose would cheap canada goose uk also bring out cost accounting standards as recommended by the expert group. canada goose outlet near me

canada goose outlet london uk How many cost accounting standards would ICWAI come canadian goose jacket out with this year? canada goose outlet london uk

canada goose outlet store calgary Of 39 cost accounting standards, six are already out and another five are on anvil, awaiting Council approval. Work on the remaining 28 would follow soon and in a couple of years, canada goose clearance all standards would be issued. canada goose uk shop And till these come, there are generally accepted cost accounting standards to fill the gap. canada goose outlet store calgary

canada goose clothing uk What about the change of the name of the Institute that your predecessors have been Canada Goose Jackets demanding? canada goose clothing uk

canada goose outlet woodbury Yes canada goose outlet , we are pressing for the name of the Institute to be changed to Institute of Cost and Management Accounting and we have Canada Goose online been told it is under process. canada goose outlet woodbury

canada goose outlet uk sale ICWAI has objected to the canada goose uk black friday amendment of Section 14A and Section 14AA of the canada goose factory sale Central Excise Act in the Finance Bill 2009. canada goose outlet uk sale

canada goose uk site We have asked the government to equate cost accountants with chartered accountants by recognising them under the definition of ‘accountants’ under Section 288 of the Income Tax Act. Canada Goose Parka We buy canada goose jacket cheap are equally qualified and competent. Since we are specialists in indirect tax, cost accountants would be playing an canada goose black friday sale important role when the GST (goods services tax) would be implemented canada goose uk site.

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